Energy Aspects offers high-frequency research coverage of the global natural gas markets, led by Trevor Sikorski. We publish a comprehensive suite of reports combining data analysis, market fundamentals and forward-looking commentary. Our experienced analysts provide the information and insight you need to stay ahead of the global natural gas markets.
Chinese LNG imports fell seasonally m/m in February to 2.37 Mt but remained higher by 0.52 Mt (28%) y/y. LNG demand may have benefitted from a brief cold spell in Eastern and Southern China in mid-February. Over the first two months of the year, Chinese LNG imports were up by a strong 1.49 Mt (35..
The outlook for summer gas has been see-sawing in the last couple of months, as the weather has pushed expected end-March storage from around 1.7 tcf at the start of the year to 2.3 tcf in February and now back down to around 2.0 tcf. A final sting in the tail of winter, with biting cold in the n..
Aggregate gas demand in Mexico slipped to 5.01 bcf/d in January, down by 0.36 bcf/d (7%) y/y and broadly on par with the 20-month low seen in December 2016. Gas demand was down y/y across all sectors except for industry, which has posted consecutive monthly y/y increases for nearly two years. Ind..
Japan imported 7.79 Mt of LNG in February, higher by 5% y/y, marking a second consecutive month of growth. The strong start to 2017 has seen Japanese LNG imports rise by 1.4 Mt (10%) over January and February. The increase came despite warmer-than-average temperatures in February, with HDDs lower..
Despite some warmer-than-normal temperatures, total Canadian gas demand averaged 11.9 bcf/d across February, which was 13% higher y/y thanks to last year’s very low base. Demand increased y/y across all three Canadian regions. Indicative pipeline data suggest that net exports to the US were again..
Current weather forecasts show the end of the heating season to be in sight. Temperatures in the lower-48 states are expected to be above normal by 24 March across the Midwest, Northeast, South Central and South Atlantic, paring national heating demand...
Norwegian gas production was lower by 0.34 bcm (3%) y/y and 1.25 bcm (5 mcm/d) m/m at 10.2 bcm in February according to the Norwegian Petroleum Directorate, as exports fell with milder weather and softer prompt prices. Aggregate Norwegian pipeline exports to Europe averaged just above 0.35 bcm/d..
In this Insight, we evaluate the Q4 16 reports of 16 of the main independent E&P companies in North America (see Figure 1 for full list) that were released last month. Last year, in the face of low prices, many producers focused on preserving balance sheet strength, by concentrating on improving..
Mild weather pushed European demand considerably lower y/y last week, weighing on near-curve contracts and slowing the European stockdraw. Europe withdrew just 0.59 bcm from stocks in the week to 18 March, considerably lower than the 1.4 bcm drawn the week before or 2 bcm a year earlier. Mild we..
Slightly milder weather in the first two months of the year softened South Korean LNG demand, with February cargo deliveries slowing by 0.61 Mt (15%) m/m to 3.60 Mt. That said, LNG receipts were still higher y/y by 0.60 Mt (20%). In a continuation of a trend that began in December 2016, the bulk..
Winter temperatures have returned with a vengeance, with forecasts pointing to sustained colder-than-average weather in the Northeast. In the Midwest, temperatures are expected to fall below normal around 22 March until the end of the month...
After a cold start to the year, temperatures flipped above normal in February, which put a dent in European gas demand. Still, despite weaker residential and commercial demand, power sector demand remained strong in many countries, which helped to partially offset the declines in aggregate demand..
After the cold January that drove a sharp draw on storage, a milder February helped keep the y/y storage gap steady and even held out the promise that at the end of winter that gap might actually be smaller than expected at the start of the month. As a result, gas prices eased through February,..
Another week of milder weather and brisk supply weighed on UK and continental prices last week, helping near-curve contracts shed some of their premium to prices further ahead. Aggregate LDZ demand in Italy, France, the Netherlands, the UK and Belgium fell to 3.52 bcm in the week to 12 March,..
Implied demand was higher y/y in Hungary, Slovakia, and the Czech Republic last month, owing to an exceptionally mild February 2016, despite mild weather this year cutting HDDs in Central Europe to about 5% below the five-year average. Still, higher temperatures compared to January helped weigh o..